
Rabobank analysts forecast that global exportable dairy surpluses will keep expanding into 2018, with milk supply growing 2.2% year over year in the third quarter of 2017. They projected US Class III milk falling about $3 to $13.99 per cwt in the first quarter, with Class IV at $12.34.
A growing exportable surplus weighs on world dairy prices and pressures farm margins, reducing the cost of dairy-based feed ingredients. Weaker milk prices are expected to persist through the second quarter of 2018.
과거 하락 보고서 이벤트 273건 이후, 우유 (Class III)은 5거래일 동안 중앙값 -0.2% 변동(상승 39%; 중간 50% 범위 -1.3%~+0.4%), 20거래일 동안 -1.4%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
Rabobank's forecast of expanding global dairy surpluses and Class III falling about $3 to $13.99 in Q1 is a bearish supply and sentiment driver that could prompt futures selling.
Rabobank's forecast of expanding global surpluses and Class III falling about $3 sets a bearish supply-driven tone.